P4-28A (similar to) The adjusted trial balance of Eldrich Real Estate Appraisal at June 30, 2016, follows: B (Click the icon to view the adjusted trial balance.) Data Table - X Read the requirements Requirement 1. Prepare the company's income statement for the year ended June 30, 2016. (If a box is not used in the statement, leave the box empty; do not select a label or enter a ze Eldrich Real Estate Appraisal Income Statement Year Ended June 30, 2016 Requirements 1. Prepare the company's income statement for the year ended June 30, 2016. 2. Prepare the company's statement of owner's equity for the year ended June 30, 2016. Assume that there were no contributions made by the owner during the year. 3. Prepare the company's classified balance sheet in report form at June 30, 2016 4. Journalize the closing entries. 5. T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the T-accounts. 6. Prepare the company's post-closing trial balance at June 30, 2016. Print Done Eldrich Real Estate Appraisal Adjusted Trial Balance June 30, 2016 Balance Account Title Debit Credit Cash S 4.200 Accounts Receivable 5,400 Office Supplies 2.100 Prepaid Insurance 2.500 Building 80,000 Accumulated Depreciation-Building $ 25,300 Land 13,400 Accounts Payable 19,400 Interest Payable 8,700 Salaries Payable 2,200 Unearned Revenue 10,600 Notes Payable (long-term) 39,000 Eldrich, Capital 39,500 Eldrich, Withdrawals 26,500 Service Revenue 48,200 Insurance Expense 4.800 Salaries Expense 34.000 Supplies Expense 800 Interest Expense 8.700 Utilities Expense 2,500 Depreciation Expense-Building 8.000 S 192,900 $ 192,900 Total Net Income (Loss) Print Done Choose from any list or enter any number in the input fields and then click Check Answer. P4-28A (similar to) The adjusted trial balance of Eldrich Real Estate Appraisal at June 30, 2016, follows: B (Click the icon to view the adjusted trial balance.) Data Table - X Read the requirements Requirement 1. Prepare the company's income statement for the year ended June 30, 2016. (If a box is not used in the statement, leave the box empty; do not select a label or enter a ze Eldrich Real Estate Appraisal Income Statement Year Ended June 30, 2016 Requirements 1. Prepare the company's income statement for the year ended June 30, 2016. 2. Prepare the company's statement of owner's equity for the year ended June 30, 2016. Assume that there were no contributions made by the owner during the year. 3. Prepare the company's classified balance sheet in report form at June 30, 2016 4. Journalize the closing entries. 5. T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the T-accounts. 6. Prepare the company's post-closing trial balance at June 30, 2016. Print Done Eldrich Real Estate Appraisal Adjusted Trial Balance June 30, 2016 Balance Account Title Debit Credit Cash S 4.200 Accounts Receivable 5,400 Office Supplies 2.100 Prepaid Insurance 2.500 Building 80,000 Accumulated Depreciation-Building $ 25,300 Land 13,400 Accounts Payable 19,400 Interest Payable 8,700 Salaries Payable 2,200 Unearned Revenue 10,600 Notes Payable (long-term) 39,000 Eldrich, Capital 39,500 Eldrich, Withdrawals 26,500 Service Revenue 48,200 Insurance Expense 4.800 Salaries Expense 34.000 Supplies Expense 800 Interest Expense 8.700 Utilities Expense 2,500 Depreciation Expense-Building 8.000 S 192,900 $ 192,900 Total Net Income (Loss) Print Done Choose from any list or enter any number in the input fields and then click Check
